Monday, January 2, 2017

About 8
months ago, when USD to Singapore Dollar (my local currency) was about 1.33 to
1.35, I had an inkling of the direction of US dollar. At that point, the exchange rate fell from
1.43 (in January) to 1.33 (in May).

At that
time, I was not thinking about investing in currency at all.

I was thinking
about locking in the exchange rate, so that I can travel to US (especially
Alaska) for vacation within the next 2 years.

There is no
doubt that US dollar is still getting stronger and stronger. At the time of writing, the exchange rate is
about 1.45.

My thought
at that time was: No matter the outcome of the election, US economy would only
get better.

I just did
not foresee that USD strengthened so much after Trump won the election.

I happened
to have the good luck to change a few thousand dollars of my saving to US
dollar, and keep the money in cash.

As a result
of my quick action, I am able to gain 9% profit if I sell the US dollar now.

Since
British Pounds and Euro have fallen so much after the Brexit decision, I have
decided not to go US after all.

I will hold
the US dollar for a couple of months, and gradually convert to other
currencies.

Sometimes,
it is just dumb luck to make a gain from incidental investment.